RBI Governor Sanjay Malhotra confirmed there will be no charges on UPI transactions, amid rising digital payments. The central bank is also examining a proposal allowing lenders to remotely lock mobile phones bought on credit in case of EMI default

Soon after announcing the unchanged repo rate , the Reserve Bank Governor Sanjay Malhotra also highlighted the zero additional charges on UPI transactions. The RBI governor said that there is no proposal to levy any charge on UPI transactions.

As reported by news agency PTI, the governor also said the central bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit in case of default in EMI payments. Read More

While responding to a question on whether there is a proposal to levy charges on UPI transacti

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